SARAJEVO (Bosnia and Herzegovina), January 30 (SeeNews) – Serbian state-owned textile firm Yumco opened a new factory in the western Bosnian town of Drvar, Bosnia’s Serb Republic government said.
The Serbian government has invested 500,000 euro ($551,000) in the construction of the Bosnian plant, which employs 80 workers, the government said in a statement on Wednesday. The plant was inaugurated on January 29 by Serbian president Aleksandar Vucic and the Serb Republic’s prime minister Radovan Viskovic.
The new factory will hire a further 20 workers at a later age, Yumco has said earlier.
The investment was agreed during a visit by Vucic to Drvar in September. The municipality of Drvar is located in Bosnia’s Federation but is populated predominantly by Bosnian Serbs.
The Federation and the Serb Republic are the two autonomous parts that make up Bosnia and Herzegovina.
In 2018, Yumco opened two new factories in Serbia – one for personal protective equipment in the eastern town of Resavica and another one making uniforms for the Serbian army and police in the southern town of Bujanovac.
($=0.9082 euro)
